Alibaba set to invest USD 1 bln in food startup

MM

Melisande Mual

26 May 2017 / 5 Min Read

The financing will reportedly value Ele.me at USD 5.5 billion to USD 6 billion, people familiar with the matter say.

Alibaba is already the majority shareholder of Ele.me, which it uses to complement a separate service called Koubei that provides restaurant bookings and spa treatments.

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MM

Melisande Mual

26 May 2017 / 5 Min Read

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